"The only proposal from the consortium is the one that was submitted late last year. I wouldn't be speculating anything beyond that, at this particular point in time," Origin Energy CEO Frank Calabria said.
North Hudson said it's providing capital solutions to small- and mid-sized operators at a time when capital providers in the oil and gas sector are pulling back.
In February, EIV Capital raised $702 million in funding and said it had more than $900 million to deploy into new investments.
The upsized equity commitment and establishment of an RBL come as Double Eagle ramps up its development pace in the Permian Basin, including the recent addition of two drilling rigs.
Citing the recovery of hydrocarbon demand, Andros Capital will target middle-market private equity, credit transactions between $100 million to $500 million with energy Fund II.
Private equity moves aggressively to transform the midstream sector.
Kayne Anderson is bucking the trend of private equity firms fleeing the energy sector because of its financial volatility and environmental concerns.
The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d.
Double Eagle has garnered almost $2 billion in equity commitments for its Double Eagle IV partnership which could bring upwards to 25,000 net acres under its ownership in the Permian Basin by year-end, CFO Joshua A. Gregg told attendees at Hart Energy’s annual Executive Oil Conference.
Dan Pickering, founder and chief investment officer, spoke to Hart Energy about the $450 million worth of capital Pickering Energy Partners has to deploy in the opportunity-rich Permian Basin.